U.S. Bancorp (NYSE:USB) is AM Investment Strategies LLC's 9th Largest Position

Key Points

• AM Investment Strategies LLC increased its stake in U.S. Bancorp by 4.3%, making it the 9th largest position in their investment portfolio, valued at approximately $9.75 million.
• Recent analyst ratings for U.S. Bancorp show a mixed outlook with a consensus price target of $52.50, and varying ratings from "sell" to "strong buy" from different financial institutions.
• U.S. Bancorp reported earnings of $1.11 per share for the latest quarter, exceeding expectations, with a revenue of $7.06 billion indicating a 2.0% increase year-over-year.

AM Investment Strategies LLC increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,988 shares of the financial services provider's stock after purchasing an additional 9,505 shares during the period. U.S. Bancorp makes up 2.4% of AM Investment Strategies LLC's investment portfolio, making the stock its 9th largest holding. AM Investment Strategies LLC's holdings in U.S. Bancorp were worth $9,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after acquiring an additional 36,863 shares during the period. Virtu Financial LLC bought a new position in U.S. Bancorp in the fourth quarter worth approximately $288,000. Modern Wealth Management LLC bought a new position in U.S. Bancorp in the fourth quarter worth approximately $926,000. Mitsubishi UFJ Trust & Banking Corp raised its position in U.S. Bancorp by 9.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 791,084 shares of the financial services provider's stock worth $37,838,000 after acquiring an additional 67,011 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in U.S. Bancorp in the fourth quarter worth approximately $32,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USB has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Truist Financial raised their price objective on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Piper Sandler decreased their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Oppenheimer lifted their price target on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.50.

U.S. Bancorp Price Performance

USB stock opened at $46.09 on Friday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $44.96 and a 200 day moving average price of $44.24. The stock has a market cap of $71.82 billion, a PE ratio of 11.03, a P/E/G ratio of 1.46 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. Equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.34%. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

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